The Finance Department oversees the sound fiscal management of the revenues and expenses for all City departments and facilities. The department analyzes daily a variety of accounting, purchasing, investment, and budgeting policies to provide maximum benefit from each taxpayer dollar. All public monies are prudently managed according to generally accepted accounting principles, State and Federal law, and operating policies as established by the City Council.
The City Council relies on the professional and accurate financial information provided by the Department when determining the financial health of the City. With these reports and assistance, the City Council establishes the annual property tax levy and outlines how the approximately $19 million annual budget will be used for various programs, initiatives, and service levels of the City.
In addition to the management of all public funds, the Department coordinates the utility billing for water, sewer, and trash services for an estimated 5,000 customers.
For more information, please contact the Finance Department at (618) 251-3131. The offices are located in City Hall at 111 N. Wood River Avenue.
Annual Extended Tax Rate
| Year | Annual Extended Tax Rate | Annual Growth/Decrease Tax Rate | Annual %age Growth/Decrease Tax Rate |
|---|---|---|---|
| 2023 | 1.4199 | -0.1310 | -8.447% |
| 2022 | 1.5509 | -0.1266 | -7.547% |
| 2021 | 1.6775 | -0.0568 | -3.275% |
| 2020 | 1.7343 | 0.0494 | 2.932% |
| 2019 | 1.6849 | 0.0376 | 2.283% |
| 2018 | 1.6473 | -0.1074 | -6.121% |
| 2017 | 1.7547 | 0.0093 | 0.533% |
| 2016 | 1.7454 | -0.0157 | -0.891% |
| 2015 | 1.7611 | -0.0059 | -0.334% |
| 2014 | 1.7670 | -0.0083 | -0.468% |
| 2013 | 1.7753 | 0.0735 | 4.319% |
| 2012 | 1.7018 | 0.0836 | 5.166% |
| 2011 | 1.6182 | 0.0460 | 2.926% |
Annual Assessed Valuation
| Year | Annual Assessed Valuation | Annual Growth/Decrease in Assessed Valuation | Annual Percentage Growth/Decrease in Assessed Valuation |
|---|---|---|---|
| 2023 | $173,221,486 | $14,656,843 | 9.24% |
| 2022 | $158,564,643 | $11,922,110 | 8.13% |
| 2021 | $146,642,533 | $7,237,148 | 5.22% |
| 2020 | $139,369,385 | $2,837,355 | 2.08% |
| 2019 | $136,532,030 | $3,600,575 | 2.71% |
| 2018 | $132,931,455 | $9,354,490 | 7.57% |
| 2017 | $123,576,965 | $5,253,424 | 4.44% |
| 2016 | $118,323,541 | $822,607 | 0.70% |
| 2015 | $117,500,934 | $1,918,751 | 1.66% |
| 2014 | $115,582,183 | -$1,706,804 | -1.46% |
| 2013 | $117,288,987 | -$3,388,062 | -2.81% |
| 2012 | $120,677,049 | -$6,025,457 | -4.76% |
| 2011 | $126,702,506 | -$2,191,950 | -1.70% |
Karen Weber
Finance Director
Related Pages
THE CITY OF WOOD RIVER
111 NORTH WOOD RIVER AVE.
WOOD RIVER ILLINOIS, 62095
THE CITY OF WOOD RIVER
111 NORTH WOOD RIVER AVE.
WOOD RIVER ILLINOIS, 62095